INTEL SHORT/LONG - SYMMETRICAL TRIANGLE/ BEYOND TECH ANALYSIS
The symmetrical triangle has resulted in a bearish breakout (over a month so most likely true).
the trend is downwards due to the breakout so shorting it would also be a good idea, especially if it makes the first price check.
This is a short-term trade and will have to be monitored. At this point after looking at the trend; I personally, with my limited experience, recommend shorting it though it may be beneficial to wait to see if it hits the price check and to see by how far it hits it.
At the same time, do note that Intel just confirmed GPU's and hence the stock may start rising; my diagram is one zoomed out so please do be careful on whether the gpu announcement will change anything!!
*Please give me feedback, this is my first time setting a price check so take my words with a grain of salt
the trend is downwards due to the breakout so shorting it would also be a good idea, especially if it makes the first price check.
This is a short-term trade and will have to be monitored. At this point after looking at the trend; I personally, with my limited experience, recommend shorting it though it may be beneficial to wait to see if it hits the price check and to see by how far it hits it.
At the same time, do note that Intel just confirmed GPU's and hence the stock may start rising; my diagram is one zoomed out so please do be careful on whether the gpu announcement will change anything!!
*Please give me feedback, this is my first time setting a price check so take my words with a grain of salt